Resolve Money has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Baker Steel. We’ve received over 4 complaints against Resolve Money.
Resolve Money claims to be a respected forex and CFD broker based in a major financial hub, yet it raises several red flags. It lacks sufficient regulation, has terrible trading conditions, and provides questionable customer service. Be wary of potential frauds and consider using registered brokers for a safer trading experience.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Resolve Money Regulated? Do They Have a License?
Resolve Money presents itself as a reputable forex and CFD broker, claiming to operate from a major global financial hub. However, a closer look uncovers multiple red flags that suggest this platform may not be reliable. In this review, we will highlight the main concerns with Resolve Money and suggest safer options for your trading needs.
One of the most important considerations when selecting a forex broker is its regulatory status. Regulated brokers must comply to severe criteria that ensure transparency, customer fund protection, and operational integrity. Unfortunately, Resolve Money does not meet these requirements.
Despite claims that it is administered by Resolve Money LTD and situated in the United Kingdom, this entity is not on the Financial Conduct Authority’s (FCA) register. This mismatch indicates that Resolve Money is not a regulated financial services business, making it hazardous to put your money with them. The website’s availability in numerous languages, including English, Polish, and Russian, along with a warning from the Bank of Russia regarding its unlawful status, raises additional worries.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Resolve Money might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Resolve Money, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Resolve Money
After creating an account with Resolve Money, consumers receive access to a simple web trading platform. While it has some tools and indicators, it lacks advanced capabilities and customization possibilities seen in industry-standard platforms such as MetaTrader 4 (MT4) and MetaTrader 5. Legitimate brokers provide these platforms, which are noted for their robustness, extensive tool sets, and support for automated trading, catering to both novice and advanced traders.
Resolve Money requires a minimum deposit of $250, which is very hefty when compared to other recognized brokers. Many reputable brokers have smaller minimum deposits, allowing beginners to begin trading without major financial commitments. For example, some top brands offer Micro and Cent accounts with admission fees as low as $5.
While Resolve Money promises to accept a wide range of payment methods, including wire transfers, credit/debit cards, and electronic wallets, the real possibilities appear limited. The deposit menu mostly includes credit/debit cards and cryptocurrency. This limitation, combined with the inability to make transactions directly through the platform, indicates that cryptocurrencies may be the only viable solution. Because of the irreversible nature of cryptocurrency transactions, scam brokers frequently choose them.
Resolve Money advertises a variety of trading instruments such as forex, equities, indices, commodities, and cryptocurrencies. However, the breadth of options does not make up for the platform’s lack of clarity regarding trading conditions. While spreads are competitive at 0.3 pips, the lack of specific commission and charge information is problematic. Furthermore, the FCA’s prohibition on trading crypto derivatives indicates that Resolve Money does not comply with UK legislation.
Resolve Money provides leverage up to 1:1000, which greatly exceeds the limitations imposed by regulators in key regions. The FCA, for example, limits leverage to 1:30 for key currency pairings to safeguard retail traders from undue risk. Offering so high leverage is a red signal, indicating that Resolve Money does not follow regulatory norms intended to protect investors.
The Resolve Money withdrawal process is plagued with complications. The minimum withdrawal amount varies greatly, and the site charges high fees (2.99% for card withdrawals and $25 for bank transfers). Legitimate brokers normally do not impose such fees, allowing clients to access their cash without incurring additional expenditures.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Resolve Money Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Resolve Money Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Resolve Money might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Resolve Money reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Resolve Money, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Resolve Money enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Resolve Money reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Resolve Money.
You should always look out for consumer complaints. In the case of Resolve Money, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Resolve Money? You can share your complaint in the comment section or submit an anonymous tip.
Is Resolve Money Legit Or a Scam?
Resolve Money is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Resolve Money can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Resolve Money?
Resolve Money does not match the criteria for a credible FX and CFD broker. The lack of regulatory monitoring, combined with several red flags in their operations, makes it a risky option for traders. Instead, seek regulated brokers from prominent financial hubs such as the United Kingdom, the European Union, Australia, or the United States. To provide a safe trading environment, these brokers offer sophisticated platforms, clear trading conditions, and regulatory protections.
All the evidence suggests that Resolve Money might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
